Читать книгу Small Business Taxes For Dummies - Eric Tyson - Страница 26

Just as the corporate income tax rate was reduced by the Tax Cuts and Jobs Act legislation, so too were the individual income tax rates. Most of the tax bracket rates were reduced by several percentage points (see Table 1-1). This, of course, is excellent news for the vast majority of U.S. small business owners who operate their businesses as pass-through entities (for example, sole proprietorships, LLCs, partnerships, S-corps).

TABLE 1-1 2022 Federal Income Tax Brackets and Rates

Federal Income Tax Rate	Single Taxpayers Taxable Income	Married Filing Jointly Taxable Income
10%	$0 to $10,275	$0 to $20,550
12%	$10,275 to $41,775	$20,550 to $83,550
22%	$41,775 to $89,075	$83,550 to $178,150
24%	$89,075 to $170,040	$178,150 to $340,100
32%	$170,040 to $215,950	$340,100 to $431,900
35%	$215,950 to $539,900	$431,900 to $647,850
37%	More than $539,900	More than $600,000

Note that at higher levels of income, the individual income tax rates begin to exceed the 21 percent corporate tax rate. Seeing this helps you to better understand the next point as to why pass-through entities are being granted a special tax deduction on their profits.